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American Battery Technology ( (ABAT) ) just unveiled an announcement.
American Battery Technology Company announced a securities purchase agreement with institutional investors for a $5 million registered direct offering, involving 5 million shares of common stock and warrants for an additional 5 million shares. The transaction, expected to close on December 23, 2024, is aimed at bolstering the company’s financial position while also involving a lock-up period for executive officers and directors and a restriction on new stock issuance for a defined period.
More about American Battery Technology
American Battery Technology Company, based in Reno, Nevada, specializes in pioneering technologies for the manufacturing and recycling of battery metals critical for the electric vehicle, stationary storage, and consumer electronics industries. The company is focused on creating a circular supply chain for battery metals to support the global transition to sustainable energy.
YTD Price Performance: -76.33%
Average Trading Volume: 1,330,245
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $84.91M
For detailed information about ABAT stock, go to TipRanks’ Stock Analysis page.
